Labor Compensation for Transportation and Warehousing: Used Household and Office Goods Moving (NAICS 48421) in the United States
Percent Change from Year Ago
IPUIN48421L021000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.70
Year-over-Year Change
-142.19%
Date Range
1/1/1988 - 1/1/2024
Summary
The 'Percent Change from Year Ago' series measures the annual percent change in the Industrial Production Index, providing insight into the overall health and performance of the U.S. manufacturing sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Industrial Production Index (IPI) tracks the real output of U.S. manufacturing, mining, and electric and gas utilities. The 'Percent Change from Year Ago' metric compares the current IPI value to the previous year, enabling analysts to evaluate trends in industrial production over time.
Methodology
The Federal Reserve collects and aggregates production data from thousands of firms to calculate the monthly Industrial Production Index.
Historical Context
The 'Percent Change from Year Ago' is a key economic indicator monitored by policymakers, investors, and economists to assess the state of the U.S. industrial economy.
Key Facts
- The U.S. Industrial Production Index is measured on a scale of 100, with 2017 as the base year.
- The 'Percent Change from Year Ago' reached a low of -13.7% in April 2020 due to the COVID-19 pandemic.
- Industrial production has historically tracked closely with overall economic growth in the United States.
FAQs
Q: What does this economic trend measure?
A: The 'Percent Change from Year Ago' series measures the annual percent change in the U.S. Industrial Production Index, providing insight into the overall health of the manufacturing sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key economic indicator monitored by policymakers, investors, and economists to assess the state of the U.S. industrial economy and identify emerging trends.
Q: How is this data collected or calculated?
A: The Federal Reserve collects production data from thousands of firms to calculate the monthly Industrial Production Index, which is then used to derive the 'Percent Change from Year Ago' statistic.
Q: How is this trend used in economic policy?
A: The 'Percent Change from Year Ago' is closely watched by the Federal Reserve and other policymakers to gauge the strength of the manufacturing sector and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Industrial Production Index and 'Percent Change from Year Ago' data are published monthly by the Federal Reserve with a typical lag of around one month.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUIN48421L021000000), retrieved from FRED.